Shares of Noble Energy, Inc. (NYSE:NBL) hit a new 52-week low during trading on Thursday . The stock traded as low as $23.22 and last traded at $23.74, with a volume of 782739 shares. The stock had previously closed at $24.33.

Several brokerages recently commented on NBL. JPMorgan Chase & Co. set a $28.00 target price on shares of Noble Energy and gave the stock a “hold” rating in a report on Friday. Stephens started coverage on shares of Noble Energy in a report on Thursday. They issued an “overweight” rating and a $40.00 price objective for the company. Cowen started coverage on shares of Noble Energy in a report on Thursday, November 29th. They issued an “outperform” rating for the company. Mizuho set a $28.00 price objective on shares of Noble Energy and gave the company a “hold” rating in a report on Wednesday, November 28th. Finally, Morgan Stanley cut their price objective on shares of Noble Energy from $38.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $41.40.

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 76.71, a P/E/G ratio of 2.43 and a beta of 1.10.

Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. Noble Energy had a net margin of 25.09% and a return on equity of 4.82%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. On average, equities analysts predict that Noble Energy, Inc. will post 0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, November 2nd. Noble Energy’s dividend payout ratio (DPR) is presently 141.94%.

In other news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the company’s stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $17.75, for a total transaction of $250,935,264.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.96% of the company’s stock.

Several institutional investors have recently modified their holdings of NBL. Capital International Investors lifted its holdings in shares of Noble Energy by 5,125.4% during the 3rd quarter. Capital International Investors now owns 43,365,048 shares of the oil and gas development company’s stock worth $1,352,556,000 after acquiring an additional 42,535,159 shares during the period. FMR LLC increased its position in Noble Energy by 121.2% during the 3rd quarter. FMR LLC now owns 15,861,163 shares of the oil and gas development company’s stock worth $494,709,000 after purchasing an additional 8,690,774 shares in the last quarter. Boston Partners acquired a new position in Noble Energy during the 2nd quarter worth approximately $102,102,000. Artisan Partners Limited Partnership increased its position in Noble Energy by 12.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 17,770,684 shares of the oil and gas development company’s stock worth $626,950,000 after purchasing an additional 1,916,041 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in Noble Energy by 888.7% during the 2nd quarter. King Luther Capital Management Corp now owns 1,808,942 shares of the oil and gas development company’s stock worth $63,819,000 after purchasing an additional 1,625,983 shares in the last quarter. 98.77% of the stock is owned by institutional investors.

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Noble Energy Company Profile (NYSE:NBL)

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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